GO WORLD LOGISTICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GO WORLD LOGISTICS
Largest movements
- Receivables within one year +€6,383
up €6,383 (+67.8%), from €9,422 to €15,805
- Intangible fixed assets -€6,010
down €6,010 (-13.5%), from €44,523 to €38,513
- Tangible fixed assets -€4,262
down €4,262 (-9.7%), from €43,793 to €39,531
of which Plant, machinery and equipment: -€5,736
- Cash +€3,608
up €3,608 (+245.2%), from €1,471 to €5,079
mainly Depreciation (+€13,794) and Deferred charges and accrued income (+€2,361)
- Deferred charges and accrued income -€2,361
down €2,361 (-96.5%), from €2,447 to €86
- Trade debts -€7,845
down €7,845 (-46.1%), from €17,012 to €9,166
- Other debts +€2,356
up €2,356 (+3.9%), from €60,545 to €62,901
- Tax, wage and social debts +€2,145
up €2,145 (+35.9%), from €5,971 to €8,115
of which Remuneration and social security: +€1,251
- Gross operating margin +€25,909
up €25,909 (+220.0%), from €11,776 to €37,685
- Other operating charges -€3,752
down €3,752 (-85.9%), from €4,366 to €613
- Staff costs +€2,756
up €2,756 (+13.8%), from €19,902 to €22,657
- Depreciation -€2,355
down €2,355 (-14.6%), from €16,149 to €13,794
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,848 | €104,207 | -€2,641 | -2.5% |
| Fixed assets | 21/28 | €93,508 | €83,236 | -€10,272 | -11.0% |
| Intangible fixed assets | 21 | €44,523 | €38,513 | -€6,010 | -13.5% |
| Tangible fixed assets | 22/27 | €43,793 | €39,531 | -€4,262 | -9.7% |
| Plant, machinery and equipment | 23 | €41,616 | €35,880 | -€5,736 | -13.8% |
| Furniture and vehicles | 24 | €577 | €310 | -€266 | -46.2% |
| Other tangible fixed assets | 26 | €1,601 | €3,341 | +€1,740 | +108.7% |
| Financial fixed assets | 28 | €5,192 | €5,192 | = | 0.0% |
| Current assets | 29/58 | €13,340 | €20,970 | +€7,631 | +57.2% |
| Amounts receivable within one year | 40/41 | €9,422 | €15,805 | +€6,383 | +67.8% |
| Trade receivables | 40 | €9,422 | €15,805 | +€6,383 | +67.8% |
| Cash at bank and in hand | 54/58 | €1,471 | €5,079 | +€3,608 | +245.2% |
| Deferred charges and accrued income | 490/1 | €2,447 | €86 | -€2,361 | -96.5% |
| Total equity and liabilities | 10/49 | €106,848 | €104,207 | -€2,641 | -2.5% |
| Equity | 10/15 | €23,321 | €23,591 | +€270 | +1.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €53,452 | €53,452 | = | 0.0% |
| Distributable reserves | 133 | €53,452 | €53,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,191 | -€37,921 | +€270 | +0.7% |
| Amounts payable | 17/49 | €83,527 | €80,616 | -€2,911 | -3.5% |
| Amounts payable within one year | 42/48 | €83,527 | €80,183 | -€3,344 | -4.0% |
| Trade debts | 44 | €17,012 | €9,166 | -€7,845 | -46.1% |
| Suppliers | 440/4 | €17,012 | €9,166 | -€7,845 | -46.1% |
| Taxes, remuneration and social security | 45 | €5,971 | €8,115 | +€2,145 | +35.9% |
| Taxes | 450/3 | €2,202 | €3,095 | +€894 | +40.6% |
| Remuneration and social security | 454/9 | €3,769 | €5,020 | +€1,251 | +33.2% |
| Other amounts payable | 47/48 | €60,545 | €62,901 | +€2,356 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €433 | +€433 | |
| Remuneration, social security and pensions | 62 | €19,902 | €22,657 | +€2,756 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,149 | €13,794 | -€2,355 | -14.6% |
| Other operating charges | 640/8 | €4,366 | €613 | -€3,752 | -85.9% |
| Gross operating margin | 9900 | €11,776 | €37,685 | +€25,909 | +220.0% |
| Operating profit (loss) | 9901 | -€28,641 | €619 | +€29,260 | |
| Financial income | 75/76B | €1 | €203 | +€201 | +17827.4% |
| Recurring financial income | 75 | €1 | €203 | +€201 | +17827.4% |
| Financial charges | 65/66B | €327 | €552 | +€225 | +68.9% |
| Recurring financial charges | 65 | €327 | €552 | +€225 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,966 | €270 | +€29,236 | |
| Profit (loss) for the period | 9904 | -€28,966 | €270 | +€29,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,966 | €270 | +€29,236 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.